Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Latest Kyoto projections predict NZ surplus

Latest Kyoto projections predict NZ surplus

Climate Change Minister Nick Smith today released New Zealand’s latest net position report under the Kyoto Protocol which projects greenhouse gas emissions and removals through to 2012.

“The projected position has improved slightly from a surplus of 9.6 million tonnes to 11.4 million tonnes, or at today’s carbon price of NZ$20.29, an improved surplus from $194 million to $231 million,” Dr Smith said.

“The small improvement in New Zealand’s projected surplus over the past year is due to lower agricultural emissions from the ongoing impacts of drought in some regions. There have also been updated figures on forest removals due to improved information from the Land Use and Carbon Accounting System (LUCAS).

“I am still quite cautious of these estimates as they are based on projections of future emissions. The actual position will not be known until after the first commitment period ends in 2012.

“These projections include the estimated effects of the modified emissions trading scheme. New Zealand would face a deficit of 22 million tonnes or $446 million without the ETS.

“New Zealand’s Kyoto commitment is to stabilise net emissions between 2008 and 2012 at 1990 levels. The only reason New Zealand is in surplus is because the growth of post-1989 forests is more than offsetting the 23% increase in gross emissions.

“It is important to recognise that although New Zealand’s net position is a surplus, this is not the Government’s position. Post-1989 foresters are eligible to claim credits for their trees and, as a consequence, the Government will face a substantial deficit. The impacts of these latest projections on the Government’s deficit will be assessed as part of the 2010 Budget.”

The Net Position Report is available from the Ministry for the Environment at

Dr Smith also welcomed the release yesterday of the National Greenhouse Gas Inventory, the official account of New Zealand’s emissions up to 2008.

The Greenhouse Gas Inventory is available at


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Political Twins, And On Labour Extending Its Wage Subsidy Scheme

A quick quiz for the weekend. Which political party currently represented in Parliament issued a press release yesterday that contained these stirring passages:
“[We have] long supported a free trade and free movement area between Canada, Australia, New Zealand, and the United Kingdom…on trade, immigration and investment, New Zealand must favour countries who share our values. New Zealand must do its part to reinforce freedom and democracy around the world by diversifying our markets and building stronger relationships with those who share our values... More>>


Parliament Adjourns: Adjournment Debate: Speaker Trevor Mallard

The 52 Parliament has sat for the last time before the September Election. It sat for 245 days... More>>


E-Cigarettes: Vaping Legislation Passes

Landmark legislation passed today puts New Zealand on track to saving thousands of lives and having a smokefree generation sooner rather than later, Associate Health Minister, Jenny Salesa says. The Smokefree Environments and Regulated Products (Vaping) ... More>>


National: $4 Billion Investment To End Wellington’s Congestion Woes

A National Government will invest another $4 billion in transport infrastructure across Wellington, igniting the economy and delivering the congestion-busting solutions the region has long been crying out for, National Party Leader Judith Collins says. ... More>>


Gordon Campbell: On The Virtues (and Fluffed Opportunities) Of The Operation Burnham Report

One unspoken rule of thumb in any official public inquiry is : whatever you do, don’t conclude you were made to listen to “a litany of lies” even if the evidence of a deliberate cover-up is right there under your nose. In that respect, the report ... More>>


Horizon Research Limited: How Judith Collins Stopped The Bleeding

Horizon Research includes questions on voting from time to time in its surveys – for both forthcoming referenda and general elections. More>>

Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms

As New Zealand gets ready to head to the ballot box this September, 1 NEWS is bringing voters comprehensive coverage and analysis of this year’s General Election. TVNZ’s coverage will draw on the depth of experience held across the 1 NEWS team, says Graeme ... More>>

Economy: 30% Believe Households Worse Off, 298,000 Expect To Lose Jobs

64% of New Zealanders feel the economic position of their households is the same or better than a year ago – and 30% think it is worse or much worse, while 298,000 think they will lose their jobs in the next 12 months. Households’ perceptions ... More>>

State Services Commission: Findings Of Investigation Into COVID-19 Active Cases Privacy Breach

Deputy State Services Commissioner Helene Quilter has today announced the findings of an investigation into a breach of privacy regarding sensitive personal information. The investigation looked into who or what caused the disclosure of the information, ... More>>

International Security: New Zealand Suspends Extradition Treaty With Hong Kong

The New Zealand Government has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters says. More>>






InfoPages News Channels